Your 10 year scenario plays well into that idea.A couple more things:1.   8% mortgage rate would translate to 6+% rate on 30 yr US Treasures.

For example, lets you you purchase a house this year at 1235 Newland Street with an assessed value of $131,000, translating into a yearly or current year tax of $1500. 

In a market like Cleveland, if someone can’t afford a $70k house there is usually a reason, which can easily translate to them not taking care of your property or an eviction.Happy to chat further if you have any questions. 

assuming full basement and 1800 sf above ground on each side... it takes a pro framing crew of 4 guys, 3-4 weeks to frame the house... which translates into one pro framing the house in 12-16 weeks... not sure what 60% you're planning on doing yourself, but building a house/duplex = 1000s of man hours. 

I’m familiar with the technology, but I’m not sure how it would translate to a real estate environment. 

One reason people love having a house is that you can make alterations only needing the council's permission as opposed to also needing freeholders permission.

To give you folks an update:We engaged a lawyer and sent out a notice stating that 1. as the tenant modified the $500 fee if they stay after Aug 10th, the addendum is void and their current stay is unlawful2. as in our lease any repairment or alteration to the property over $30 needs our written agreement, which they don't have, we are not obligated to reimburse any cost.3. exit walkthrough would be on Aug 11th.Our tenant with a doctor of education degree replied -1. she signed the addendum so she is not an illegal squatter. 

You will just quit your W2 job and become a self employed property manager.So if you are looking for retirement income you should factor in the cost of a property manager, as well as turns, vacancy, repairs, and Cap Ex, which will probably alter the numbers you are expecting.Also add into this, personal asset protection set up and ongoing costs, as well as accounting advice, bookeeping costs, and tax preparation costs if you intend to go in that direction, and not do it yourself (which if you DIY will make you a part time tax repairer and also not retired).Many people get into this because they want to retire, but in reality it seems they are just quiting their job to become self employed.

This gets the payments all lined up legally.I am guessing after you do a more than one, your LLC looks like an alter-ego and not a separate business entity.

No one has provide any case history (probably because it varies by State), but, in short, using your personal name / ownership temporarily really looks like you are using the LLC as an “alter ego” of yourself this compromising your corporate veil.